9th September 2024, Doha, Qatar:: NymCard, the leading payments infrastructure provider in the MENA region, has announced a strategic partnership with Xpendless, a Qatari fintech startup licensed by the Qatar Financial Centre Authority (QFCA) and incubated by Qatar Fintech Hub.
Xpendless aims to revolutionise spend management and financial planning for SMEs in Qatar. SMEs have significant and growing needs as their own capabilities expand and Xpendless will provide a suite of advanced digital tools to simplify their day-to-day business operations.
Xpendless and NymCard jointly feel motivated to help SMEs, providing them scale and seamless access to technology. SMEs are a foundation of our economy across MENA and remain increasingly important in adopting new digital services.
Through this collaboration, NymCard will provide card issuing & processing, digital solutions and program management. This state-of-the-art system features card capabilities that digitise and streamline operational cash processes, including scheme-branded commercial prepaid cards. These advancements will offer a modern, efficient, and secure way to manage their expenditures.
CEO of NymCard Omar Onsi, commented on the partnership: “We are excited to support Xpendless in their mission to transform spend management in Qatar. Our cutting-edge payments infrastructure will help businesses optimise their operations and focus on growth.”
CEO of Xpendless Shadi Hudaifa “Partnering with NymCard is a major milestone in our journey to empower SMEs in Qatar. This collaboration brings us one step closer to realising our ambition of providing cutting-edge financial solutions that will help small and medium businesses thrive”
This partnership reflects NymCard’s commitment to driving innovation and efficiency across the MENA region’s financial ecosystem, reinforcing its position as a leader in providing advanced payment solutions to diverse financial institutions.
For additional information, please contact:
Press Relations:
press@nymcard.com
About NymCard:
NymCard is the only embedded finance player serving clients in more than 9 markets across MENA. Fully regulated by the Central Bank of the UAE, and a principal member of both VISA and MasterCard, NymCard empowers businesses of all sizes to launch new payment products quickly, including Prepaid Cards, Multi-currency offerings, a Corporate Digital Banking Platform, Charge and Credit cards, and Embedded Lending solutions.
About Xpendless:
Xpendless, a Qatari fintech startup licensed by QFCA and incubated by Qatar Fintech Hub, is on a mission to transform corporate spend management. Addressing challenges such as traditional cash management, inefficient workflows, paper receipts/invoices, and manual processes, Xpendless is dedicated to enhancing efficiency for businesses in Qatar.